Might be a silly question but one of our accountan...
# accounting
j
Might be a silly question but one of our accountants has asked why the AR Aging report is not picking up any Deposit transactions. Do these deposits need to be applied before they are picked up, or should they just be picked up once posted?
k
Deposits are fundamentally not in your A/R aging
They need to be applied to transactions via a "Deposit application" transaction (which you typically don't load in the UI - it happens as you apply transactions
Once they are applied they will reduce the amount standing on an invoice - but I don't believe they will show up in the aging.
I have created custom fields for clients for showing total deposits outstanding to show on the statement.
j
Thanks @KevinJ of Kansas much appreciated!